With the weekly bull-squeeze on the S&P 500 ($SPX) finally firing long, the bulls were able to break price above the $4,300 level this week. As things are extended, there is always the potential for a reversion-to-the-mean pullback right around the corner. However, until proven wrong, I will view any dip as a buying opportunity, thinking that this weekly squeeze can take the $SPX to $4500 and potentially higher from here.
My trading computer took its last breath today, so I could not make a video. I’ll be back up and running next week with a new computer! Remember that the market is closed on Monday, so there is no newsletter.
Stay Focused!
